Legislature being devious with ballot measures
05/13/2014 10:05 AM
05/13/2014 9:20 AM
Re "Ballot Measures" (Voters Guide 2014, May 11): Propositions 41 and 42, put on the ballot by the Legislature, are devious and costly.
Proposition 41 shifts the majority of bonds approved by voters for the self-paying Veterans Home Loan Program to $600 million to developers to build low-income apartments, at an added cost of $750 million to taxpayers. They claim this doesn't add to California's debt, because the bonds were previously approved. Approved, but not sold. Debt is only acquired when the bonds are sold. Their argument is insulting, and demonstrates why this state is in financial trouble.
Proposition 42 just shifts their required costs to local governments without shifting any funding. They keep the money to spend on whatever else they want, while the local governments are left holding the bag, empty at that.
Don't let them get away with it. Vote no on both.
-- Bill Jurkovich, Citrus Heights
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